Nothing fancy here just a plain and simple bearish Cypher on EURJPY (This is a 4hr pattern, I decided to show it on the hourly chart because I went down to that timeframe for further analysis. But if you're a 1hr trader only THIS IS INVALID) . However if you've been following along my recent string of post on this pair (either in here or in the Syndicate) then you know that this has been one of our hottest and most profitable pairs during the month of August. With all of these wins in would be naive of me not to expect a loser at some point (for those you you thinking this is an automatic win) but if a pattern is valid I trade it and let the numbers work themselves out.
Hey Akil
This is something I noticed when looking at this pair. I think I remember hearing you say you personally don't trade head and shoulder patterns, but I'm curious as to your thoughts...
Akil_Stokes
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Yeah I was looking at the same possibility a week or so ago while involved in a bearish pattern. I don't trade head and shoulders per say but they are essentially trend continuation trades if you look to play the restest of structure as and entry. tradingview.com/v/LIYsFChU/
fx1
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akil if target 1 is not hit and the price rises to the entry level, can i still enter the trade
Akil_Stokes
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yes if you miss the initial entry and price returns to it without hitting target it's a valid entry
BartoshG
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this one should be invalid mate
low.wf.5
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It is currently retesting the resistance . Why invalid ?
Gartley